277
277
May 18, 2012
05/12
by
CNBC
tv
eye 277
favorite 0
quote 0
i think the economy is okay, not great, okay. it's not a feel-good economy, as i say. with the united states, the labor force grows 2% a year and labor force itself grows 1% a year and need 3% growth to dent unemployment and not getting that, getting 2%. 99% versus 1%, that type of dialogue continues. the economy is growing, 2, 2 1/2% per annum, looking over the next four quart e, profits rise 5%, dividends rise. i think the economy is on the plus side. secondly, i don't know if you have these charts available, we're in an environment of near zero short term interest rates. low long term interest rates, have central banks all over the world. historically they said the central bank writes the market for wall street. and the head of the central bank is telling us, he wants more growth and inflation. >> money supply versus fed funds. >> that's not my chart actually. >> you didn't even order that chart? >> no. exhibit 3, if we can coordinate here, i guess we're uncoordinated, basically, valuation, if we can give you a little glimpse, if we can get it up, i don't know, the
i think the economy is okay, not great, okay. it's not a feel-good economy, as i say. with the united states, the labor force grows 2% a year and labor force itself grows 1% a year and need 3% growth to dent unemployment and not getting that, getting 2%. 99% versus 1%, that type of dialogue continues. the economy is growing, 2, 2 1/2% per annum, looking over the next four quart e, profits rise 5%, dividends rise. i think the economy is on the plus side. secondly, i don't know if you have these...
230
230
Aug 3, 2012
08/12
by
CNBC
tv
eye 230
favorite 0
quote 0
service economy, out at 10:00 a.m. eastern time, expected to come in at 52 even, barely changed from last month. >>> we're watching shares of kraft foods, earning 68 cents a share for the second quarter, two cents better than the street was expecting. revenue on the light side but kraft is maintaining its 2012 earnings forecast. >>> and s&p has agreed to pay oracle $306 million, the agreement still needs court approval clears the way for oracle to ask an appeals court to restore a $1.3 billion jury award. the companies want to expedite resolution of the case and save the time and the expense of a new trial. >>> we've got a battle brewing between twitter and stocktwits over the use of the dollar sign to tweet about stocks. you probably know about this when you look on twitter there's a little dollar sign before a ticker, joining us from san francisco is howard lindhsen, stocktwits ceo. i imagine twitter is now trying to ape your product. >> well, good to see you, andrew. it's been a little while from our wall strip days
service economy, out at 10:00 a.m. eastern time, expected to come in at 52 even, barely changed from last month. >>> we're watching shares of kraft foods, earning 68 cents a share for the second quarter, two cents better than the street was expecting. revenue on the light side but kraft is maintaining its 2012 earnings forecast. >>> and s&p has agreed to pay oracle $306 million, the agreement still needs court approval clears the way for oracle to ask an appeals court to...
243
243
May 17, 2012
05/12
by
CNBC
tv
eye 243
favorite 0
quote 0
>> what's wrong with the economy? >> what's wrong with the economy? we're still struggling to try to get over the mistakes that we made 2002, 2006 with real estate. there's no out about that. how can consumer spending go anyplace when roughly a quarter of residential mortgages are under water. >> what did you hear yesterday from the federal reserve? >> the most significant thing, everyone is talking about how more people, several versus a couple, thought we might need more stimulus. but also the change in the schedule to me, now that they've made two day meetings for the rest of the year and also are having press conference, i think take gives the fed more flexibility because i think that they prefer all else equal to make an announcement about qe-3 at a meeting with the press conference. >> real quickly, your take on the fed. >> you get qe-3 if the average increase falls below 100,000 and if the equity market loses another 10% to 15% in the high yield -- >> 2%, 2.5% inflation? >> i think you would. oil prices are sin
>> what's wrong with the economy? >> what's wrong with the economy? we're still struggling to try to get over the mistakes that we made 2002, 2006 with real estate. there's no out about that. how can consumer spending go anyplace when roughly a quarter of residential mortgages are under water. >> what did you hear yesterday from the federal reserve? >> the most significant thing, everyone is talking about how more people, several versus a couple, thought we might need...
325
325
Oct 2, 2012
10/12
by
CNBC
tv
eye 325
favorite 0
quote 0
healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been strong, industrial manufacturing has been strong, software has been strong, you know, it's -- i'm not generalizing the whole economy but our job is to find value in the market and certainly our companies are building cash flows and where they're importantly finding ways to unlock the value. >> joe is a fan of jack-in-the-box. >> i am. in contrast -- >> i am a fan of chico's. >> in contrast to other fast food chains although there aren't many i'm not a fan of. >> that's obvious. >> i like jack-in-the-box, too. the play on jack in the box, they used to have a corporate parent in the day so they wind up opening their own sto
healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been...
351
351
Jul 20, 2012
07/12
by
CNBC
tv
eye 351
favorite 0
quote 0
sy economy. we haven't cut taxes since bh was in. we had the same tax code with a lousier economy. if obama had been creating jobs at the rate reagan did, there would be about 7 million more people working. every month, you can compare, in the 37th month of this recovery, how poorly obama's doing compared to the reagan recovery. we are looking at millions of people out of work because obama decided to raise taxes, spend more money, have more regulations and spit at the business community as opposed to reagan, who did the opposite. reagan worked. obama, this is the worst recovery since world war ii. that's why revenues are down. >> i've read some things about republics lasting 200 years until you get to the point where there's more on the receiving end than the producing end, and then slowly the same party gets elected again and again and again and eventually the republic -- you've seen those things on the internet. you still make the point, americans are very aspirational with respect to the tax code. >> right. >> you cite something 52% of registered voters want all tax cuts extend
sy economy. we haven't cut taxes since bh was in. we had the same tax code with a lousier economy. if obama had been creating jobs at the rate reagan did, there would be about 7 million more people working. every month, you can compare, in the 37th month of this recovery, how poorly obama's doing compared to the reagan recovery. we are looking at millions of people out of work because obama decided to raise taxes, spend more money, have more regulations and spit at the business community as...
185
185
Dec 13, 2012
12/12
by
CNBC
tv
eye 185
favorite 0
quote 0
>> roughly, 2% economy. >> all right. what's the deficit for the current year that we're measuring gdp? roughly? budget deficit? >> the deficit is going to be a trillion and a little bit of change, right? >> okay. what's the size of our gdp type economy? ? real or nominal? >> either one. >> it's about a 12 trillion dollar real economy. >> okay. what percentage is that deficit 1 trillion to the 12 trillion economy? about 8%? >> 7%, 8%, deficit to gdp. >> so is it fair to say if we have a 2% gdp and a deficit that's 8% that the real economy ask minus 5% to 6% growth. is that accurate? >> no 73 >> okay. well i want to -- >> can't do that. >> i want to know why. i know we can't. but i have people that e-mail me this all the time. and it's very fascinating, i think they're very smart. there's a little apples to oranges there. but i still think it's interesting. >> it is interesting. we're running very large deficits and not getting the growth to go along with it. >> the transfer payments and all that really artificially boosts
>> roughly, 2% economy. >> all right. what's the deficit for the current year that we're measuring gdp? roughly? budget deficit? >> the deficit is going to be a trillion and a little bit of change, right? >> okay. what's the size of our gdp type economy? ? real or nominal? >> either one. >> it's about a 12 trillion dollar real economy. >> okay. what percentage is that deficit 1 trillion to the 12 trillion economy? about 8%? >> 7%, 8%, deficit to...
264
264
Sep 21, 2012
09/12
by
CNBC
tv
eye 264
favorite 0
quote 0
you can do that gradually, it will be good for the economy. fiscal policy back in order. >> but i'm saying -- >> if we get monetary policy, you have to do it in a gradual way, you can't shock the markets. i look at history and we had monetary policy that was predictable, weren't doing all of these interventions t really worked well and i'd like to have a monetary policy like that. >> is there going to be pain along the way? >> i hope not. the biggest concern i have is there will be pain so everything has to be addressed to avoiding that with an exit strategy well understood, an exit strategy discussed in advance of the exit strategy so markets know what to expect. guys like mohamed are not going to be surprised how it happens. >> let me take you to an area that's more complex. 11 years ago you were an architect in solving a debt crisis to the south. >> yes. >> today we have a debt crisis going on in europe. how close are they to solving it? >> i think they're unfortunately quite a ways, it's sort of a kick it down the road policy so far, and a
you can do that gradually, it will be good for the economy. fiscal policy back in order. >> but i'm saying -- >> if we get monetary policy, you have to do it in a gradual way, you can't shock the markets. i look at history and we had monetary policy that was predictable, weren't doing all of these interventions t really worked well and i'd like to have a monetary policy like that. >> is there going to be pain along the way? >> i hope not. the biggest concern i have is...
349
349
Jun 5, 2012
06/12
by
CNBC
tv
eye 349
favorite 0
quote 0
may pmi indicating the economy shrank at the fastest pace. and the international energy agency warning that oil prices near $100 a barrel, yeah, that's still a threat to a slowing global economy. the iea saying the word is likely to consume less fuel than the agency had last forecast. >> starbucks is buying a san francisco bakery chain. the 100 million dollar cash deal the biggest move yet. howard schultz calls the dig a significant opportunity and catalyst. he says the artie son bakery goods will attract more kus and bol ser both food and bench sales. >> they just bought that energy drink company. >> this is a french bakery. it's not like a paris baked bakery, but -- >> will they bring the products into star buck everywhere or will they expand the bakery chain? >> my understanding is both. do you know the drink company? >> yeah, but i don't remember the name. >> you're a dunkin man now. >> did you get a new one in town? >> no, they're all in the same place. should have switched years ago. analysts suggested the deal should put starbucks -- i
may pmi indicating the economy shrank at the fastest pace. and the international energy agency warning that oil prices near $100 a barrel, yeah, that's still a threat to a slowing global economy. the iea saying the word is likely to consume less fuel than the agency had last forecast. >> starbucks is buying a san francisco bakery chain. the 100 million dollar cash deal the biggest move yet. howard schultz calls the dig a significant opportunity and catalyst. he says the artie son bakery...
515
515
Apr 27, 2012
04/12
by
CNBC
tv
eye 515
favorite 0
quote 0
economies of the world. so ferif cheaper and great more growth, that -- >> every single one has different fundamentals. started off this year with a bang, but quite a number of them starting to face their own individual headwinds. so which one in particular would you look at in terms of being interesting? >> i don't drill down to the individual emerging market's economies, although you're right, they're as different from one another assay germany is from japan. but broadly if you look across the emerging economies, the ones that are priced at dividend yields of as you're saying for blue chips, 3% or 4%, the ones that are priced at 3% or 4% yield and have much better growth prospects than the u.s. would certainly be more interesting long term investments than u.s. stocks. same thing holds true on the bond side. >> but getting back to what you feel about just the s&p this year, i know that may not be something you want to focus on, but have we seen close to the eyes or is it going to be a slow steady move high
economies of the world. so ferif cheaper and great more growth, that -- >> every single one has different fundamentals. started off this year with a bang, but quite a number of them starting to face their own individual headwinds. so which one in particular would you look at in terms of being interesting? >> i don't drill down to the individual emerging market's economies, although you're right, they're as different from one another assay germany is from japan. but broadly if you...
223
223
Jun 20, 2012
06/12
by
CNBC
tv
eye 223
favorite 0
quote 0
i'll look at pepsi on the next go-round. >> i'm sure people in a slowing global economy probably look for better -- you might migrate to not premium products as well. that would cause p&g to be more competitive in pricing, you would think. >>> also today's top market story is a fed decision and a news conference by chairman ben bernanke. joining us right now is ira jersey, credit suisse of interest rate strategy and randy crossner, university of chicago booth school professor. welcome to both of you. professor, why don't we start out talking about what you see right now. randy, i'm guessing you're glad you're not sitting at the fed right now, trying to make sense of what to do today. >> i think this is one of the most challenging decisions they've had since i left the fed. very reasonable people have very different views. sometimes people who have extreme views and we know they're going to disagree. i think the reasonable center will be talk about whether we need to twist again or not. >> in the case of that confusion, do you think bernanke's gut will tell him to stand pat and see wha
i'll look at pepsi on the next go-round. >> i'm sure people in a slowing global economy probably look for better -- you might migrate to not premium products as well. that would cause p&g to be more competitive in pricing, you would think. >>> also today's top market story is a fed decision and a news conference by chairman ben bernanke. joining us right now is ira jersey, credit suisse of interest rate strategy and randy crossner, university of chicago booth school...
510
510
Feb 10, 2012
02/12
by
CNBC
tv
eye 510
favorite 0
quote 0
economy. that's all coming up next. and then later sir martin sorrell, the advertising power player, is going to be squawking on everything from ad spending to facebook. that's coming up at 6:45 a.m. eastern. but first, as we head to a break, take a look at yesterday's winners and losers. >>> it was wonderful. >> bravo. >> i loved that. >> it was great. >> well, it was pretty good. >> well, it wasn't bad. >> there were parts that weren't very good, though. >> it could have been better. >> i didn't really like it. >> it was pretty terrible. >> it was bad. >> awful. >> take him away. oo! laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] now there's a mileage card that offers special perks on united, like a free checked bag, united club passes, and priority boarding. thanks. ♪ okay. what's your secret? ♪ [ male announc
economy. that's all coming up next. and then later sir martin sorrell, the advertising power player, is going to be squawking on everything from ad spending to facebook. that's coming up at 6:45 a.m. eastern. but first, as we head to a break, take a look at yesterday's winners and losers. >>> it was wonderful. >> bravo. >> i loved that. >> it was great. >> well, it was pretty good. >> well, it wasn't bad. >> there were parts that weren't very good,...
190
190
Dec 24, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
economy. >> here's what this requires, guys, ultimately. this president doesn't ever have to run for election again, for anything. right? what this requires are a group of men and women on capitol hill who will stand up and say, i'm going to go head, and i'm going to put my own political future at risk, do what will move us forward. there are husbands and wives all over the country who disagree on an issue. and they sit at their kitchen table and they say, no, i believe strongly in my point of view. but eventually one side gives and says, okay, let's try it your way. if all we do is stay at the kitchen table and neither one is willing to give, we can keep electing a new crop and they do the same thing again and again and again. at some point, we have to not allow perfection to get in the way of the good, and most importantly, these men and women have to put their own political future at risk, and be willing to take the bullet for the decisions they make to run this country. >> that will happen
economy. >> here's what this requires, guys, ultimately. this president doesn't ever have to run for election again, for anything. right? what this requires are a group of men and women on capitol hill who will stand up and say, i'm going to go head, and i'm going to put my own political future at risk, do what will move us forward. there are husbands and wives all over the country who disagree on an issue. and they sit at their kitchen table and they say, no, i believe strongly in my...
402
402
Jun 29, 2012
06/12
by
CNBC
tv
eye 402
favorite 0
quote 0
the economy is slowing. we've got the debt ceiling issue, the fiscal cliff heading towards that now. yet do you -- do you worry that your party is at risk of taking your game -- your eye off of the ball on more substantive issues while at the same time you guys are holding the contempt of congress vote with the attorney general? you're going to revisit the health care vote, even though you know that the outcome is going to have no bearing on what ultimately happens with this law. shouldn't you guys be trying to get into a room and figure out how to solve the fiscal cliff instead? >> well, part of the so-called fiscal cliff has a lot to do with what this economy is going to do. again, you talk to any small businessperson, whenever i'm talking to small business people, fortune 50 ceos, they cite the number one impediment to job growth frankly to be government red tape and at the top of the list is the president's health care program. again, part of the so-called fiscal cliff has everything to do with economic
the economy is slowing. we've got the debt ceiling issue, the fiscal cliff heading towards that now. yet do you -- do you worry that your party is at risk of taking your game -- your eye off of the ball on more substantive issues while at the same time you guys are holding the contempt of congress vote with the attorney general? you're going to revisit the health care vote, even though you know that the outcome is going to have no bearing on what ultimately happens with this law. shouldn't you...
388
388
Sep 25, 2012
09/12
by
CNBC
tv
eye 388
favorite 0
quote 0
so you have two of the three biggest economies, european economy and the asian economy slowing. i think america by the first quarter 2013 will also be in recession. >> and yet the stock market has really hung in there with all of these problems, fiscal cliff, with anything you can throw at it. part of it has to be with what the fed is doing. >> very hard to fight the fed. the fed keeps putting liquidity into the system but it doesn't solve the solve issues here. it takes a while until you get to the real difficulties. >> williams thinks it will take a while for the qe-3 factor to really slow down unemployment and really put a tent in to it, but he's looking at next year end of 2014 by really seeing a much better picture. >> i think and he is more optimistic, he works with the fed, than i am with a singular view. but as i look out into the future and maybe somehow in terms of the economy and unemployment, but you also have the housing issue which i think they focus on but don't talk about. and the other issue with all this is the fiscal cliff that's coming up. and then you've got
so you have two of the three biggest economies, european economy and the asian economy slowing. i think america by the first quarter 2013 will also be in recession. >> and yet the stock market has really hung in there with all of these problems, fiscal cliff, with anything you can throw at it. part of it has to be with what the fed is doing. >> very hard to fight the fed. the fed keeps putting liquidity into the system but it doesn't solve the solve issues here. it takes a while...
269
269
Oct 19, 2012
10/12
by
CNBC
tv
eye 269
favorite 0
quote 0
have a very weak economy going 1%, 1.5%. >> people say under 250, no. they love those bush tax cuts and they somehow make this tortured argument we got to keep those or it's really bad but we got to make sure -- it's so bizarre to think they know anyone over 250 saves it and doesn't spend it, they know there's no small businesses that could be impacted? >> why they're surprised there's no job creation when you have job creators threatened with the largest tax increase in history. >> only 2% small businesses pay and then 54 -- >> when people say broaden the base you have to raise taxes on everybody. >> eventually. >> but eventually you do but my question is, then we made the argument about job creators, so when do you do it? >> you better do it in 2013, because the markets, the economy will not wait. and whatever they do the kick the can mechanism i believe will pay for the sequestration that's already been enacted for the period of time that they think will, it will take to get to finality. $107 billion for a year, $55 billion for six months. i think th
have a very weak economy going 1%, 1.5%. >> people say under 250, no. they love those bush tax cuts and they somehow make this tortured argument we got to keep those or it's really bad but we got to make sure -- it's so bizarre to think they know anyone over 250 saves it and doesn't spend it, they know there's no small businesses that could be impacted? >> why they're surprised there's no job creation when you have job creators threatened with the largest tax increase in history....
1,482
1.5K
Sep 4, 2012
09/12
by
CNBC
tv
eye 1,482
favorite 0
quote 0
the economy is not doing well. the banks are heavily regulated and being demanded, they're not able to make deals, and frankly, you know, the banks have not behaved very well because they haven't been loaning out money but the regulation is so stringent and so tough that it makes it very hard to get the economy going and you can't get the economy going unless the banks are going to get going. >> what do you think about the housing market overall, just because we've talked in the past about this and you've had the sense and other people we've talked to, have, too, that maybe housing is finally starting to turn and i just wonder what the foreclosures mean to that part of the process? >> except in places like miami or manhattan in new york which is phenomenal or a couple of other places it's been terrible and the housing market continues to be table. people are not able to get financing to buy a house and that's a situation that has to be taken care of, whether it's overregulation or the banks not behaving, people are
the economy is not doing well. the banks are heavily regulated and being demanded, they're not able to make deals, and frankly, you know, the banks have not behaved very well because they haven't been loaning out money but the regulation is so stringent and so tough that it makes it very hard to get the economy going and you can't get the economy going unless the banks are going to get going. >> what do you think about the housing market overall, just because we've talked in the past...
244
244
Jul 19, 2012
07/12
by
CNBC
tv
eye 244
favorite 0
quote 0
no question, the economy is struggling. the employment situation is extremely difficult, and there's a lot of pain out there, and let's face it, where there's a lot of uncertainty, what's going to happen around the election and around the fiscal cliff, so we still have difficult times to go through. but the fundamental drivers for automotive are very strong. there is a genuine dramatic replacement need, average age is up to 11 years. people either have to spend a lot of money fixing the car they have or use that money to make a downpayment on a new car, and then when they look at the new vehicle market we have great, new products and the financing in automotive is fully restored and better than ever, still all ration rational, no unsustainable behavior but we have great financing available. >> mike, we have ten seconds. >> finally, gasoline prices are mitigated. >> ten seconds left but retail sales showed nowhere near these types of gains for automotives and steve liesman was here the other day wondering if that's because i
no question, the economy is struggling. the employment situation is extremely difficult, and there's a lot of pain out there, and let's face it, where there's a lot of uncertainty, what's going to happen around the election and around the fiscal cliff, so we still have difficult times to go through. but the fundamental drivers for automotive are very strong. there is a genuine dramatic replacement need, average age is up to 11 years. people either have to spend a lot of money fixing the car...
480
480
Apr 13, 2012
04/12
by
CNBC
tv
eye 480
favorite 0
quote 0
and china's economy grew at the slowest growth rate in nearly three years. it's the fifth consecutive quarter the rate of expansion was declining and is much lower than had been anticipated. a controversial rocket launch by north korea ended in failure early this morning. it may it about 75 miles and then kerplunk. north korea says it was for peaceful purposes. >> the dow futures still down, down by about 11 1/2 points. it is friday the 13th. we'll see how things go as we get toward the open. >> we need some music or something. up next, we'll talk business strategy and the economy with our guest host. and laet the in ter the iin the duff & phelps financial advisory and investment banking services. [ technician ] are you busy? management just sent over these new technical manuals. they need you to translate them into portuguese. by tomorrow. [ male announcer ] ducati knows it's better for xerox to manage their global publications. so they can focus on building amazing bikes. with xerox, you're ready eal business. so they can focus on building amazing bikes. b
and china's economy grew at the slowest growth rate in nearly three years. it's the fifth consecutive quarter the rate of expansion was declining and is much lower than had been anticipated. a controversial rocket launch by north korea ended in failure early this morning. it may it about 75 miles and then kerplunk. north korea says it was for peaceful purposes. >> the dow futures still down, down by about 11 1/2 points. it is friday the 13th. we'll see how things go as we get toward the...
273
273
May 31, 2012
05/12
by
CNBC
tv
eye 273
favorite 0
quote 0
a healthy economy depends on responsible operators all the way through the economy. >> there are people that would like to take the tea party and put all those people in jail. >> at the same time i think the tea party does get -- they miss the point around how fiscal and monetary policy exist sometimes. i get back to the point -- >> it nuance. >> investors want responsible actors in the economy, they want responsible consumers, responsible politicians, nobody is. >> we've got none of those. >> i think there are a lot of very responsible people in the economy. i think we lack leadership in a really big way. >> across all parts of government? >> i think across all part of government. i think we're in a situation where -- and we've been in some interesting conversations recently with some senior officials about this dynamic that uncertainty has a real negative economic impact. it has a cost. it like having a higher cost of capital. if you don't appreciate the negative implications of uncertainty -- >> but there's things we bring on ourselves as far as uncertainty and then there's things li
a healthy economy depends on responsible operators all the way through the economy. >> there are people that would like to take the tea party and put all those people in jail. >> at the same time i think the tea party does get -- they miss the point around how fiscal and monetary policy exist sometimes. i get back to the point -- >> it nuance. >> investors want responsible actors in the economy, they want responsible consumers, responsible politicians, nobody is....
1,059
1.1K
May 15, 2012
05/12
by
CNBC
tv
eye 1,059
favorite 0
quote 2
who is setting that price in is it us or the local economy. >> reporter: tom, maybe you lead by that. >> and, yes, it costs us. >> if you don't work for the -- you can't -- it's like when i talked about super pac money. >> the end justifies the means here. >> when the president said no super pacs, once the republicans -- once there's going to be super pac money, is it going to help if you are not elected by standing on your principles? >> some would say yes. >> it's a perfect world then. >> america is exceptional because we do good, not because we did good. >> no, i don't -- i think doing good we have different views of doing good. i think being able to go into mexico and build all these wall marts and employ all these people. >> but if we get there, what's the reputation of america? >> the reputation isn't hurt by dealing with mexicans the way they do business. >> i don't think anyone in mexico thinks any less of them because they did a bribe. >> look, it wouldn't be against the law, this corrupt -- if the was somehow made to be more -- >> i very seldom find myself in any walmart. >>
who is setting that price in is it us or the local economy. >> reporter: tom, maybe you lead by that. >> and, yes, it costs us. >> if you don't work for the -- you can't -- it's like when i talked about super pac money. >> the end justifies the means here. >> when the president said no super pacs, once the republicans -- once there's going to be super pac money, is it going to help if you are not elected by standing on your principles? >> some would say yes....
2,479
2.5K
Sep 24, 2012
09/12
by
CNBC
tv
eye 2,479
favorite 0
quote 0
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ ♪ [ male announcer ] introducing a stunning work of technology. introducing the entirely new lexus es. and the first-ever es hybrid. this is the pursuit of perfection. >>> welcome back to "squawk box." i'm joe kernen along with becky quick and an trdrew ross sorkin. the president of bulgaria. a lot to discuss in a minute. but first this morning's top stories from andrew. >> i'll set the table with some top stories. okay. a major apple supplier -- it's 6:30? okay. about time. apple supplier foxconn suspended production at a factory in china today. that happened after a brawl by as many as 2,000 employees at a dormitory injured 40
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ ♪ [ male announcer ] introducing a stunning work of technology....
284
284
Jul 17, 2012
07/12
by
CNBC
tv
eye 284
favorite 0
quote 0
i'm not pretending everything's fine in the economy, far from it. i just make the point it's not monitoring. dino talks about side effects and he's right. if we have more medicine that has no benefit but has side effects. >> becky brought up the schumer thing earlier today. >> i think it's crazy. >> schumer is saying we can't do anything so you bernanke have to do something. take that over and take that game and overlay it on what happened in europe. trichet said he'd stay on the sideline until there was movement on the fiscal or political side and to me this is a fascinating game of chicken going on and it's a lousy reason to do monetary policy. >> to me it makes me think it's less likely bernanke will do anything because he can't look like he's bending to political pressure either. >> more to the point, what can the fed do to counter a 4% contraction in fiscal policy? >> bernanke has said nothing. he might do something to counter it. >> has this happened before, by the way? >> what? >> have there been conversations -- >> in the time i've been cove
i'm not pretending everything's fine in the economy, far from it. i just make the point it's not monitoring. dino talks about side effects and he's right. if we have more medicine that has no benefit but has side effects. >> becky brought up the schumer thing earlier today. >> i think it's crazy. >> schumer is saying we can't do anything so you bernanke have to do something. take that over and take that game and overlay it on what happened in europe. trichet said he'd stay on...
327
327
Jun 28, 2012
06/12
by
CNBC
tv
eye 327
favorite 0
quote 0
nowhere on this list from what i gather is the economy or demand. how do you square that with everything on that list? >> well, i think when we look at that list, the biggest one is still, overall i think it's the economy and it's demand but when you look at taxes consumer confidence is impacted by all those things. so especially as you talk about earlier today you got the first the year coming up with a lot of taxes that could be changing. you got an election. all these things make the economy more uncertain, it makes consumer confidence waiver a little bit and if you're not going to have somebody buying your product you won't start. >> when you think about small business formation, start up, at least in my experience, rare to talk to an entrepreneur who says i'm not sure i'm going into this business because i don't cho what the taxes will be next year. am i think about this incorrectly. >> no. when you look at the top five that we talked about that's impacting more existing businesses and already they expand or not. but the new business is definit
nowhere on this list from what i gather is the economy or demand. how do you square that with everything on that list? >> well, i think when we look at that list, the biggest one is still, overall i think it's the economy and it's demand but when you look at taxes consumer confidence is impacted by all those things. so especially as you talk about earlier today you got the first the year coming up with a lot of taxes that could be changing. you got an election. all these things make the...
230
230
Aug 23, 2012
08/12
by
CNBC
tv
eye 230
favorite 0
quote 0
economy, too. lots more. >> we're going to get the guy from circleup, the venture capital against the hostess, and host less get some more products. >> you're trying to do an m&a deal. >> what are we taking, 7%? what's our fee, ga ary? ? >> on this deal, strategic deal 12%. >> all the twinkies you can eat. we have a lot more to come from st. louis fed president james bullard, with us throughout the program including reaction to tooled's jobless claims, the strength of the jobs market, we have that number hitting at 8:30 eastern today. >>> also coming up at the top of the hour, january ha hatzius. >>> when you google yourself, do you like what you find? if not our next disruptor can help. we'll talk to an internet security expert from reputation.com about how to control your online presence. keep watching "squawk box" on cnbc. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call o
economy, too. lots more. >> we're going to get the guy from circleup, the venture capital against the hostess, and host less get some more products. >> you're trying to do an m&a deal. >> what are we taking, 7%? what's our fee, ga ary? ? >> on this deal, strategic deal 12%. >> all the twinkies you can eat. we have a lot more to come from st. louis fed president james bullard, with us throughout the program including reaction to tooled's jobless claims, the...
430
430
Apr 12, 2012
04/12
by
CNBC
tv
eye 430
favorite 0
quote 0
economy is outperforming. europe is pursuing significant austerity measures germany is the winner in that. but i think eventually we'll be able to break through these algo ranges and get below 1.30. also the fed is pretty much at the end of qe. i saw yellen's comments. all she's saying is we're flexible. i don't see any hard commitment to a 2015 end to qe, nor do i see any hard commitment to the hawk hawks arguing 2013. so it's pretty dollar supportive right now. >> guys, thank you very much. >> did you see the alert on eddie hlambert cut his holdings? i thought that his comments indicating that autozone was in a little better pgts than some position that some of the other retailers. >> how many listeners does limbaugh have? i'll show it to you -- >> oh, yes, rush lists -- >> it's five minutes of talking about cnbc and "squawk box" on rush's show. >> he does it a lot. >> but he has every quote from trump and ryan in that whole debate. anyway, coming up, the future of sony, how they plan to turn itself around.
economy is outperforming. europe is pursuing significant austerity measures germany is the winner in that. but i think eventually we'll be able to break through these algo ranges and get below 1.30. also the fed is pretty much at the end of qe. i saw yellen's comments. all she's saying is we're flexible. i don't see any hard commitment to a 2015 end to qe, nor do i see any hard commitment to the hawk hawks arguing 2013. so it's pretty dollar supportive right now. >> guys, thank you very...
250
250
Oct 18, 2012
10/12
by
CNBC
tv
eye 250
favorite 0
quote 0
we'll talk about the fiscal cliff, the future of our economy and much more. "squawk" will be back in just two minutes. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can
we'll talk about the fiscal cliff, the future of our economy and much more. "squawk" will be back in just two minutes. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#:...
249
249
Aug 10, 2012
08/12
by
CNBC
tv
eye 249
favorite 0
quote 0
two issues face the economy, employment and housing. on the employment side you're right, they're even questioning and debating whether there's a structural issue and whether rates can help that. that the jury is still out. on the housing side the jury is not out. we know there's structural issues in the housing market where the rate is almost irrelevant. the rate is almost counterproductive. if you look at the mortgage market the housing market side, you've lost originators, the level of competition to compete to refinance a guy gone. the number of people in the mortgage business you've lost them and now in an area where the process to actually get to a loan, look how easy it was before. how hard was it to underwrite a loan when you didn't have documentation. you didn't need people and now you have people and you have the risk of litigation, nobody wants to make a loan. in that situation, lowering rates makes it worse. all they do is call the guy they know gets through the process. every time the rate goes down they call the same guy s
two issues face the economy, employment and housing. on the employment side you're right, they're even questioning and debating whether there's a structural issue and whether rates can help that. that the jury is still out. on the housing side the jury is not out. we know there's structural issues in the housing market where the rate is almost irrelevant. the rate is almost counterproductive. if you look at the mortgage market the housing market side, you've lost originators, the level of...
287
287
Mar 28, 2012
03/12
by
CNBC
tv
eye 287
favorite 0
quote 0
economy is fair or poor. that's down just a little bit from the november survey. then excellent and good still just barely in double digits, 11%. moving on, gas prices, a huge issue here. high gas prices, everybody asks if they are concerned about it. we want to know how long will people last, will they change their behavior. those who think it will last less than a year 1%, one to two years, 33%. and greater than four years 30 puerto rico of the public believes high gas prices will last more than four years. why is that important? it may mean they will change their economic behavior in terms of spending. one more thing i want to show you here is the expected inflation. all of those high gas prices creep into the expectations for inflation. 6.6% was the average expected inflation back in march. it crept down as inflation crept down. now stant here, 4.8% not as bad as it was in march but higher than in november. i want to come back to this place right here and i'll show you. take the wide shot here. this is ke
economy is fair or poor. that's down just a little bit from the november survey. then excellent and good still just barely in double digits, 11%. moving on, gas prices, a huge issue here. high gas prices, everybody asks if they are concerned about it. we want to know how long will people last, will they change their behavior. those who think it will last less than a year 1%, one to two years, 33%. and greater than four years 30 puerto rico of the public believes high gas prices will last more...
214
214
Dec 17, 2012
12/12
by
CNBC
tv
eye 214
favorite 0
quote 0
i have an economy that's improving. right? it's a good economy. i got tail winds. >> but you've got lousy unemployment. >> lousy -- yeah, and they're trying to do something with it, right? i've got an economy that has tailwinds. housing, auto. right? >> uh-huh. >> and, it's a growing economy. and now i'm going to put a trillion dollars a year by the fed, a trillion, what do you say, a billion here, a billion there? i think now we're into a trillion here. a trillion. so we got a trillion a year this year. looks like on this tendency a trillion a year next year or a good part through the year. unless we start picking up. i hope it picks up faster. we can talk about what they're going to do in d.c. and how they can help it. and how everybody in this country is tired of the people in d.c. and this b.s. that, yes i'm trying to keep it clean, still. >> okay. >> look if i was going to go and look at this market the last time i had this good of an economy, look at the united states of america. looking at the ldp that got elected. everybody knows that japa
i have an economy that's improving. right? it's a good economy. i got tail winds. >> but you've got lousy unemployment. >> lousy -- yeah, and they're trying to do something with it, right? i've got an economy that has tailwinds. housing, auto. right? >> uh-huh. >> and, it's a growing economy. and now i'm going to put a trillion dollars a year by the fed, a trillion, what do you say, a billion here, a billion there? i think now we're into a trillion here. a trillion. so...
206
206
Dec 4, 2012
12/12
by
CNBC
tv
eye 206
favorite 0
quote 0
concerns over the uk economy. so we'll see how investors take to what's probably going to be a loosening up of the budget targets the chancellor set when they came into power. so we'll keep our eyes on that. and at the moment today, more talks in brussels. the greeks now getting their buy back program approved 37 trying to sort out a single supervisor. i think these talks will be fairly tricky because there is a majority who bt with a tant the be supervisor for all the banks. german didn't like that. so those talks will go on longer than originally hoped. but we are marginally higher going to the u.s. open. thank you. >> kelly, thank you. i'll just call you r kelly in now. >> that's not bad. >> ross, thank you. great to see you. >>> when we come back on squawk, bank of america ceo brian moynihan in his own words, we caught up with him yesterday to talk about business, the economy and the looming figure. as we head into a break, bank of america, best performing dow component of the year. up about 77%. ♪ [ male an
concerns over the uk economy. so we'll see how investors take to what's probably going to be a loosening up of the budget targets the chancellor set when they came into power. so we'll keep our eyes on that. and at the moment today, more talks in brussels. the greeks now getting their buy back program approved 37 trying to sort out a single supervisor. i think these talks will be fairly tricky because there is a majority who bt with a tant the be supervisor for all the banks. german didn't like...
257
257
May 8, 2012
05/12
by
CNBC
tv
eye 257
favorite 0
quote 0
good economy solves everything but we don't seem to have that economy. a friend of mine in the energy business, to get off the subject a little bit. we send so much coal to china. but we're not allowed to use coal anymore because you can't open up a new coal-fired plant. it's almost impossible. it probably is impossible to get an approval yet china is going wild with our coal. at what point do we get smart and say we have to compete and we have to win and we have to take it back from china and other countries? it's very, very difficult. it's a very, very difficult place. we've become totally more a bound and bureaucratic. it's very difficult. >> and my question is completely off the subject. donald, in light of the facebook fever, i would like to know if this is a company you would invest in it. >> i would invest in it. i'm not a huge facebook person but everybody i know is involved with it. i would invest in it. they've also in the past come out and gone down but i think i would. i'd put a little flyer in facebook just on all the craziness that's going
good economy solves everything but we don't seem to have that economy. a friend of mine in the energy business, to get off the subject a little bit. we send so much coal to china. but we're not allowed to use coal anymore because you can't open up a new coal-fired plant. it's almost impossible. it probably is impossible to get an approval yet china is going wild with our coal. at what point do we get smart and say we have to compete and we have to win and we have to take it back from china and...
406
406
Apr 19, 2012
04/12
by
CNBC
tv
eye 406
favorite 0
quote 0
economy will keep growing somewhere around 2%. looks like jobless claims this morning that maybe the market is slowing down a bill bit but we think it's enough to keep growth at about 2%. we'll get fourth quarter gdp. right now it's adding up to something a little higher than that. the u.s. economy should hold up okay. >> larry kantor, thanks for joining us this morning. >> coming up, dupont outlook better than expected this morning. next half hour, politics and economy with mark warner. coming right back. you from wheu are... to where you need to be. and we're not just talking about points on a map. with a more intuitive delta website and mobile app... and the most wifi equipped planes. we let you be everywhere at once. innovations like these are extending our reach so you can extend yours. and now, even at 30,000 feet you can still touch the ground. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks
economy will keep growing somewhere around 2%. looks like jobless claims this morning that maybe the market is slowing down a bill bit but we think it's enough to keep growth at about 2%. we'll get fourth quarter gdp. right now it's adding up to something a little higher than that. the u.s. economy should hold up okay. >> larry kantor, thanks for joining us this morning. >> coming up, dupont outlook better than expected this morning. next half hour, politics and economy with mark...
392
392
Feb 2, 2012
02/12
by
CNBC
tv
eye 392
favorite 0
quote 0
economy is growing. unfortunately, it's not growing at a rate that's high enough to absorb the growth in population, so we're not making much of a dent in the unemployment numbers. i'll be interested to see what you report on that. >> me, too. fred there's a big piece in "the journal" today that we've gone back and forth with this recession that we just went through, and the piece today sort of is i guess tries to convince you that it's not necessarily different this time, like rogoff and rhinehart say, we've had similar times in the past, goes back to 1907 where we had a sharper snap-back than we've had this time, and implying that it's not, that we weren't destined to do this, that some government policies actually have impacted what's happened. where do you come down on this? >> well i think the country could grow much faster if we changed several policies, the most important of which is we need a tax code that incents investment. i don't know if you have it there but i sent a chart up that showed --
economy is growing. unfortunately, it's not growing at a rate that's high enough to absorb the growth in population, so we're not making much of a dent in the unemployment numbers. i'll be interested to see what you report on that. >> me, too. fred there's a big piece in "the journal" today that we've gone back and forth with this recession that we just went through, and the piece today sort of is i guess tries to convince you that it's not necessarily different this time, like...
219
219
Mar 2, 2012
03/12
by
CNBC
tv
eye 219
favorite 0
quote 0
economy. joining us this morning president and ceo at sentinel investments. chr christian, thanks for coming in today. we are look iing at dow 13,000 again, nasdaq 3,000, and it's starting to sound like a broken record. we keep making these runs and then giving up. >> we've come a long way. we're well over 20% since then. it's beginning to feel like it's rolling a little bit out of steam and volumes have been high and low again but generally have not been as high as i would like them to be. i think what we've seen is crawling up to these levels about 1370 on the s&p. the dow jones always gets skewed a little bit by the high-priced stocks. it feels like there's not quite as much momentum or willingness to take it to the next level at this point. >> i read something yesterday, maybe a note from bob pi ssani, forget where, pointing out something even though we're looking at higher levels on all of the major averages there's not enough conviction behind it because when you look at the number of st
economy. joining us this morning president and ceo at sentinel investments. chr christian, thanks for coming in today. we are look iing at dow 13,000 again, nasdaq 3,000, and it's starting to sound like a broken record. we keep making these runs and then giving up. >> we've come a long way. we're well over 20% since then. it's beginning to feel like it's rolling a little bit out of steam and volumes have been high and low again but generally have not been as high as i would like them to...
238
238
May 7, 2012
05/12
by
CNBC
tv
eye 238
favorite 0
quote 0
how much is tied right to the economy? >> a lot will be tied to the economy. overwhelm overwhelmingly it will be tied to the economy in my view come november. >> you're talking about an economy that's not going to improve that quickly, which means the jobs numbers aren't going to improve quickly. what does that mean in the fall? >> it probably means you have a close election. >> you and romney weren't in the same businesses obviously but you must look at his track record at bain and think he was a pretty talented businessman, right? >> well, i thought they bought some of those businesses very well. they bought them at the right cases. some of them turned out very well and others did not turn out so well. because leverage, the financial results when things worked out well, financial results turned out far better than the basic economics of the business and of course in some cases they took a lot of money out of the businesses and then the businesses failed. but overall, you know, i have no fault with him as a business person. >> you're in a different business.
how much is tied right to the economy? >> a lot will be tied to the economy. overwhelm overwhelmingly it will be tied to the economy in my view come november. >> you're talking about an economy that's not going to improve that quickly, which means the jobs numbers aren't going to improve quickly. what does that mean in the fall? >> it probably means you have a close election. >> you and romney weren't in the same businesses obviously but you must look at his track record...
225
225
Jun 4, 2012
06/12
by
CNBC
tv
eye 225
favorite 0
quote 0
doom, are here to talk to us about the global economy. >> nobel thoughts on the economy. columbia university professor joseph stiglitz is our latest recipient of the squawk blue chip book award. >> plus the latest headlines you need to be watching before the day's tried. the second hour of "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc on a monday morning. i'm andrew ross sorkin, along with joe kernen and becky quick. the futures right now, it not as bad as you might have imagined given all of the hullabaloo on friday and over the weekend and given what's happened in asia overnight and some of the other numbers, this is not a bad way to start the morning. we'll key an eye to see where it goes. let's check other market benchmarks this morning. japan's broader topics index talking a $28-year low. and a quick note, sony down at levels not seen since 1980 when the walkman was first introduced. u.s. treasury yields are modestly higher but the ten-year benchmark yield remains below 1.5% and crude oil 81.21 a barrel, the lowest in almost ei
doom, are here to talk to us about the global economy. >> nobel thoughts on the economy. columbia university professor joseph stiglitz is our latest recipient of the squawk blue chip book award. >> plus the latest headlines you need to be watching before the day's tried. the second hour of "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc on a monday morning. i'm andrew ross sorkin, along with joe kernen and becky...
520
520
Feb 17, 2012
02/12
by
CNBC
tv
eye 520
favorite 0
quote 0
the economy and these jobs numbers. look at jobless claims, look at household jobs, the payroll jobs, the edp survey. all of the jobs are pointing in the same direction. too many people are spending time talk iing about the unemployment rate and what it's doing and participation. the jobs numbers per se, things related to jobs. >> what about the fed, the ph philly fed index. >> i thought february would be wad. >> well, that number went down but the hours part went up. it was strong. month to month i don't know that you want to make a lot about those things. i like the philly index. i think it's a good index. it has good cyclical properties. it's a good indicator. >> the suggestion from some people is that if you see things drop off, employers have hired everyone they need at this point and they're not going to hire anybody else until they see demand pick up. that's why you may have seen that with the philly fed. what do you make of that? >> if you look at inventory behavior you see inventories continue to be built at a
the economy and these jobs numbers. look at jobless claims, look at household jobs, the payroll jobs, the edp survey. all of the jobs are pointing in the same direction. too many people are spending time talk iing about the unemployment rate and what it's doing and participation. the jobs numbers per se, things related to jobs. >> what about the fed, the ph philly fed index. >> i thought february would be wad. >> well, that number went down but the hours part went up. it was...
257
257
Sep 6, 2012
09/12
by
CNBC
tv
eye 257
favorite 0
quote 0
nobody's got more credibility on the economy given the economy that he presided over. you can argue about exactly how good it was and what cause the it to be good. nevertheless, he was there and one of the things that president obama's suffering from right now and that other presidents have risen or fallen on is that it's a results business. the results on your watch matter. what president clinton said last night was to tell voters not to blame president obama for the difficulty of coming back from the recession and just to be a little patient with him. here's bill clinton last night. >> no president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years. but he has desh has laid the foundations for a new modern successful economy, a shared prosperity. and if you will renew the president's contract, you will feel it. you will feel it. >> >>. >> reporter: renew the president's contract. that was his endorsement. this picture of president obama getting a hug from president bill clinton on the stage. this comp
nobody's got more credibility on the economy given the economy that he presided over. you can argue about exactly how good it was and what cause the it to be good. nevertheless, he was there and one of the things that president obama's suffering from right now and that other presidents have risen or fallen on is that it's a results business. the results on your watch matter. what president clinton said last night was to tell voters not to blame president obama for the difficulty of coming back...
203
203
Dec 31, 2012
12/12
by
CNBC
tv
eye 203
favorite 0
quote 0
we need to grow our economy. increasing taxes on small and medium sized businesses doesn't grow the economy. here are just a couple of numbers to prove the point. if the meager economic growth we've had since 2009, federal revenue has increased by $344 billion per year. if we just revert to a normal economy like we had in 2007 when revenue was 18.5%, that would add $435 billion per year of revenue. again president obama's proposal is going to raise $35 billion to $75 billion. a tenth of what economic growth will result in. so what we ought to be concentrating on is how to get government out of the way. get them off the back of small and medium sized businesses. even large corporations. let our economy grow. but that's not what we're talking about now. now we're just talking about let's punish success. it's just an absurd concept. >> if the president were listening he'd say elections have consequences. i won. >> as did republicans in the house. >> yeah. >> they have a mandate from the voters that elected them, as
we need to grow our economy. increasing taxes on small and medium sized businesses doesn't grow the economy. here are just a couple of numbers to prove the point. if the meager economic growth we've had since 2009, federal revenue has increased by $344 billion per year. if we just revert to a normal economy like we had in 2007 when revenue was 18.5%, that would add $435 billion per year of revenue. again president obama's proposal is going to raise $35 billion to $75 billion. a tenth of what...
247
247
Sep 7, 2012
09/12
by
CNBC
tv
eye 247
favorite 0
quote 0
side is the economy. we have had a lot of people who have come on here recently and who have taken both sides of this. they think the economy is going to turn over the next couple of years here in the united states, no matter who's in charge. others think we're headed well down from here. how do you see it? how are you kind of playing this out? >> i really see that the u.s. has one of the most dynamic economies. a lot of entrepreneurs that can always figure out where else to take their companies. and i think this is -- we have seen that in shell gas, where shell gas went from nowhere to 50, 60, now 80 billion cubic meters of annual production. it's unbelievable. and i think this is something that, you know, we do believe in the u.s. economy in the fact that, you know, u.s. cooperations will always come up with new ways of satisfying that demand. >> andrei, thank you. >> thank you. >>> coming up, the jobs report could become a political football on the campaign trail. new england patriot president jonathan
side is the economy. we have had a lot of people who have come on here recently and who have taken both sides of this. they think the economy is going to turn over the next couple of years here in the united states, no matter who's in charge. others think we're headed well down from here. how do you see it? how are you kind of playing this out? >> i really see that the u.s. has one of the most dynamic economies. a lot of entrepreneurs that can always figure out where else to take their...
271
271
Aug 1, 2012
08/12
by
CNBC
tv
eye 271
favorite 0
quote 0
economy. also, i think that there is -- there is some sense there's only so much you can do purchasing treasuries. if you're going to move in the direction of a qe3, there's some support, i think, for moving away from increasing the purchase of treasuries. >> mark, i'm going to take you in a slightly different direction. it's politics, i think you saw yesterday the federal finance housing agency saying they will not allow refis for those who thought could have done it with fannie and freddie. is that the right decision? >> andrew, i apologize. i didn't see that so i don't are an opinion. >> thought i would try. mark, appreciate you being here this morning very much. >> thank you for inviting me. >> krncnbc will have complete coverage of the fed decision starting at 2 p.m. eastern time. >>> if you have any comments or questions about anything you've seen on "squawk," e-mail us at squawk @cnbc.com or tweet u us @squawkcnbc. >>> there's a debate about commerce and taxes collected on that. >>> plu
economy. also, i think that there is -- there is some sense there's only so much you can do purchasing treasuries. if you're going to move in the direction of a qe3, there's some support, i think, for moving away from increasing the purchase of treasuries. >> mark, i'm going to take you in a slightly different direction. it's politics, i think you saw yesterday the federal finance housing agency saying they will not allow refis for those who thought could have done it with fannie and...
251
251
Feb 9, 2012
02/12
by
CNBC
tv
eye 251
favorite 0
quote 0
the economy? >> well it sounds like things are getting better but there's uncertainty. it's premature to call improved but we're heading in the right direction and it feels like bouncing along the bottom. >> what is the sense at all from the call? are people buying their stuff to replace old stuff or is there expansion going on in the economy? >> there's some of both so there's some upgrade cycles and they are benefiting. models that they released last year are gaining traction. but when we look at certain markets, large data centers, we're seeing tremendous spending growth there. the data point we were focusing on was the facebook s-1 filing talked about tripling data centers. these are big numbers. >> simon, going into the earnings you had an outperform with a price target of $19.80 which is below where it's sitting right now premarket. anything you saw that would make you change that recommendation? >> so our price target was $25. i think you may be looking at the closing price of the note. non
the economy? >> well it sounds like things are getting better but there's uncertainty. it's premature to call improved but we're heading in the right direction and it feels like bouncing along the bottom. >> what is the sense at all from the call? are people buying their stuff to replace old stuff or is there expansion going on in the economy? >> there's some of both so there's some upgrade cycles and they are benefiting. models that they released last year are gaining...
181
181
Mar 8, 2012
03/12
by
CNBC
tv
eye 181
favorite 0
quote 0
how do you lay out the economies? it do you see it as a capitalist bringing in money and making sure that the free market kind of works this those arenas? >> for the first time africa is now achieving growth of about 5% to 6%. it could be up to 8% to 10% actually if basic infrastructure really gets strengthened. of course roads, power, rail, connectivity, now wireless broad band is coming into the rural areas. this is a huge breakthrough and at the same time you need to get the public services, public health, disease control, education, access to safe water and sanitation. so it's a mix of things to do. it's both helping private business and it's helping the poorer of investing in people. >> how do you prevent corruption which seems to have been a huge problem in some of these african nations in the past. >> i think information is by far the most important way. now that you know, you can bar code everything. where money goes, you can have much more sophisticated tracking of any kind of program. it's not depending on t
how do you lay out the economies? it do you see it as a capitalist bringing in money and making sure that the free market kind of works this those arenas? >> for the first time africa is now achieving growth of about 5% to 6%. it could be up to 8% to 10% actually if basic infrastructure really gets strengthened. of course roads, power, rail, connectivity, now wireless broad band is coming into the rural areas. this is a huge breakthrough and at the same time you need to get the public...
223
223
May 30, 2012
05/12
by
CNBC
tv
eye 223
favorite 0
quote 0
the economy is worse or as bad as '68, '92 and 2000. and yet the president has a 48% approval rating. how do you deal with that? >> it's a real challenge. the fact of the matter is that president obama is a brilliant speaker. from all i know from people who know him well, arne duncan is a long time friend of the president. he is a good guy. i think american people gravitate towards good guys. when push comes to shove this time around the country being in the crisis that it is in i suspect they may turn away from the guy they think is the nicer guy and vote for the most competent. >> we had donald trump on the broadcast yesterday who raised the birther issue again. he was with romney last night as part of the fundraiser. romney has tried to distance himself from that issue but not really. what's going on there? >> you know, i don't really give much credence to this whole notion of where president obama was born and whether he got a scholarship as a foreign student when he attended university here in the united states. >> if that's the ca
the economy is worse or as bad as '68, '92 and 2000. and yet the president has a 48% approval rating. how do you deal with that? >> it's a real challenge. the fact of the matter is that president obama is a brilliant speaker. from all i know from people who know him well, arne duncan is a long time friend of the president. he is a good guy. i think american people gravitate towards good guys. when push comes to shove this time around the country being in the crisis that it is in i suspect...
249
249
Apr 9, 2012
04/12
by
CNBC
tv
eye 249
favorite 0
quote 0
ha economy. have you seen that? quotes all over the place from the freshmen now taking credit for the economy getting better. because they pushed back on all the government will -- >> what's moore redick could yo lugs, you're fully prepared to let the obama administration take credit. >> no, that's ridiculous, too. >> concern says please don't mistake a great american economy and great american citizenry in what we can do with government programs. to actually attribute the recovery that we're seeing to government programs -- >> that's why i'm saying it's ridiculous for the republicans to take responsibility, it's deck could you wlus f -- could you argue that you could maybe give credit to bernanke. >> i don't think anyone should get credit for where we are four years later. we're still missing 7 million jobs. >> but you're not the worst of -- >> we'll have john taylor on. it's the worst recovery in the history of recoveries. most tepid recovery that we've seen. there has to be a reason for that about. >> and was in
ha economy. have you seen that? quotes all over the place from the freshmen now taking credit for the economy getting better. because they pushed back on all the government will -- >> what's moore redick could yo lugs, you're fully prepared to let the obama administration take credit. >> no, that's ridiculous, too. >> concern says please don't mistake a great american economy and great american citizenry in what we can do with government programs. to actually attribute the...
218
218
May 23, 2012
05/12
by
CNBC
tv
eye 218
favorite 0
quote 0
it is a broad economy problem. >> that means we are down. >> we are in a brand new economy. we are in a digital economy. and that fundamentally changes consumer demand. it fundamentally changeathize way that producers are organized in an economy. everything is changed. we are just sort of catching up with this. >> you are not talking about a general down turn in the economy. you are talking about an entire structural change. >> i wrote balooks an e-mail asking for the sources. hewlett-packard has new management. i have been saying that the ceo was written by the board. maybe meg whitman will try to run the company. in order to do that she has to put in a new digital economy strategy. fortunately for her the fellow who ran strategy beginning with carly, he's gone. a couple of other key executives are gone. she has a clean slate here. >> what does it mean to run it for a digital economy? >> it means you have to actually figure out what is going on in the advanced economies which is fundamentally different than the emerging economies. and you have to try to please the customers
it is a broad economy problem. >> that means we are down. >> we are in a brand new economy. we are in a digital economy. and that fundamentally changes consumer demand. it fundamentally changeathize way that producers are organized in an economy. everything is changed. we are just sort of catching up with this. >> you are not talking about a general down turn in the economy. you are talking about an entire structural change. >> i wrote balooks an e-mail asking for the...
220
220
May 10, 2012
05/12
by
CNBC
tv
eye 220
favorite 0
quote 0
the economy seems to be muddling along at about 2%. and if it went back up to 36thre seeing more of a slow down, but so far most of the problem is coming from overseas. >> people are wondering if it's real or if it's because of the weather and are we can expect that picture to head. >> in some ways it's a replay of what we saw last year. we got the season al quirk where the numbers are bolstered in that december, january period and then we get always pay back in march, april and may. so it doesn't seem to be anything out of the order from that when you read the headlines, there doesn't seem to be any discernible pattern there, doesn't seem to be a pick up in layoffs. there may be a slight pick up, but nothing more than that. >> so when you see the headlines but what's happening in europe and situation in greece, does it worry you you that this is going to have more of a downward effect on what's happening right here? >> what worries me is there is no end in sight. we kick the ball down the field and say, okay, we'll manage the crisis a
the economy seems to be muddling along at about 2%. and if it went back up to 36thre seeing more of a slow down, but so far most of the problem is coming from overseas. >> people are wondering if it's real or if it's because of the weather and are we can expect that picture to head. >> in some ways it's a replay of what we saw last year. we got the season al quirk where the numbers are bolstered in that december, january period and then we get always pay back in march, april and...
221
221
Mar 1, 2012
03/12
by
CNBC
tv
eye 221
favorite 0
quote 0
economy continues. we have seen some positive developments in the labor market. >> this is the effect on markets and ben bernanke not really mentioning further easing, qe3. >> big ben steering clear of stimulus talk certainly caused d commodities to crumble, particularly gold. >> the euro just completely collapsed here. even apple dropped at 10:00 eastern time. >>> we are not really in the chairs but we are in chairs. we're sitting. and we would have -- i don't know, some technical difficulty. we've been talking about in general news about davy jones and the loss of probably the monkee every girl wanted to grow up, i guess, and marry at some some point. i'm surprised at the people you got weighing in. there was a youtube video of paul mccartney back stage at some point singing "hey, hey, we're the monkeys" walking before he went on here. >> was this -- >> way back when. julian lenon, neil diamond, al roker, speaks to me of my youth. for people in their 50s i think we were, because it was happening, we w
economy continues. we have seen some positive developments in the labor market. >> this is the effect on markets and ben bernanke not really mentioning further easing, qe3. >> big ben steering clear of stimulus talk certainly caused d commodities to crumble, particularly gold. >> the euro just completely collapsed here. even apple dropped at 10:00 eastern time. >>> we are not really in the chairs but we are in chairs. we're sitting. and we would have -- i don't know,...
228
228
Aug 15, 2012
08/12
by
CNBC
tv
eye 228
favorite 0
quote 0
and world economy over the next decade. and that could add a couple percentage points to growth, at least for a very short period of time. >> all right. david, thank you. last question, have you or anyone in your immediate family read "fifty shades of gray"? >> not that i know of. i'm not sure if my wife would tell me that she did. >> you might know if she did. >> she's in two book clubs and i don't think they've read it yet. >> there's only one way of getting the information out of her, she hiding something. >> what's that? >> well, you got to get it out of her. >> everyone that i know said you should encourage -- it's good for the family. >> that's a reflection of the people you know and the people who know you. >> i heard there's a "fifty shades of gray" baby boom coming. >> there's something going on. >> maybe that will be the long run fix of social security and medicare. there will be more population. >> there you go. >> it took dan brown 50 weeks to sell 5.2 million copies of "the da vinci code." "fifty shades of gray
and world economy over the next decade. and that could add a couple percentage points to growth, at least for a very short period of time. >> all right. david, thank you. last question, have you or anyone in your immediate family read "fifty shades of gray"? >> not that i know of. i'm not sure if my wife would tell me that she did. >> you might know if she did. >> she's in two book clubs and i don't think they've read it yet. >> there's only one way of...
279
279
Mar 30, 2012
03/12
by
CNBC
tv
eye 279
favorite 0
quote 1
ray galo was bullish and very -- bullish on treasuries, bearish on the economy. and treasuries was the place to be in 2011. >> as a result, bridge water associates came out well in this entire situation. and two more people from original barbridge water in the top 25? >> right. his top two attendants also matt list. it's pretty impressive. ? the last two years, he's brought home about $7 billion. and he's also looking to actually give away a bunch of that money. >> i'm curious -- ray dalia will actually make my argument against me which will is size the enemy. meaning some of these funds, john paulson and other, scale and size became so big, and i just wonder whether it's not just the bet themselves, but the fact they have to put so much money to work that it doesn't work the way it it used to. >> i would agree. in why nogeneral, size is the e. bridge water is an exception because they're playing globally across hundreds of markets and they have a quantitative approach to investing that enables them to put a large amount of assets to work. >> so what happens to t
ray galo was bullish and very -- bullish on treasuries, bearish on the economy. and treasuries was the place to be in 2011. >> as a result, bridge water associates came out well in this entire situation. and two more people from original barbridge water in the top 25? >> right. his top two attendants also matt list. it's pretty impressive. ? the last two years, he's brought home about $7 billion. and he's also looking to actually give away a bunch of that money. >> i'm curious...